“**Lex Situs Opinion**” means, for any Aircraft, an opinion of counsel acceptable to each of the
relevant Purchaser and the relevant Seller in respect of such Aircraft in the jurisdiction in which
such Aircraft is located at Delivery in respect of such Aircraft, in form and substance
satisfactory to both such Purchaser and such Seller;

**“LIBOR”** means the London Interbank Offer Rate in respect of Dollar borrowings for a [\*] month
period as shown on the Bloomberg BBAM1 page on the date that interest starts to accrue on the
Deposit pursuant to Clause 5.22.

“**Losses**” means losses, liabilities, claims, proceedings, penalties, judgments, damages, costs and
expenses;

“**Manufacturer**” means The Boeing Company;

“**Net Purchase Price**”, for any Aircraft, is defined in Clause 5.4;

“**New Lessor**” means for any Aircraft, the person (if not the relevant Purchaser) named as the “new
lessor” in the Lease relating to such Aircraft immediately after its novation pursuant to the
relevant Lease Novation;

“**Novated Lease**” means, for any Aircraft, the Lease in respect of such Aircraft as novated and
amended by the applicable Lease Novation;

“**Other Agreement**” means any sale agreement, or related agreement, entered into between Celestial
Aviation Trading 71 Limited seller and ALC B378 35217 LLC as purchaser in relation to the Other
Aircraft;


 



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| \* |  | Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request
for confidential treatment. |


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